Having been referred to your company we were about to appoint conveyancing solicitor in Wokingham listed using your comparison tool but have come across alternative quotes on the internet seem cheaper – how come?
One can find numerous firms advertising alleged cheap conveyancing, yet more often than not extracharges end up with the final bill totally different to the one you expected. Conveyancers are obliged to make sure that costs set out in terms of business should be honest and reasonable invoiced The solicitors that we list for conveyancing in Wokingham genuinely set out all legal fees for a residential conveyancing transaction.
My fiance and I swapping mortgage lender for our penthouse in Wokingham with Leeds Building Society. We have a son approaching twenty who lives at home. Our solicitor requested us to identify any adults other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the apartment is repossessed. I have a couple of concerns (1) Is this form unique to the Leeds Building Society conveyancing panel as he did not need to sign this form when we remortgaged 3 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Leeds Building Society conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Leeds Building Society. This is solely used to protect Leeds Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Leeds Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I am mortgaging my home in Wokingham, does my lawyer need to be on the Virgin Money Conveyancing panel?
There is nothing to stop you using your solicitor, but Virgin Money will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I am looking for a ground for flat up to £195,000 and found one close by in Wokingham I like with a park and railway links nearby, however it only has 51 remaining years left on the lease. There is not much else in Wokingham in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will likely be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
I have been looking for Wokingham competitive conveyancing fees. Can I be sure that all the Wokingham practices that are identified on your website are on the mortgage company conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have advised us that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the bank panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific Wokingham firm being on the bank conveyancing panel is not accurate.